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Economy

DRIVER: The global economy still faces serious headwinds and political uncertainty potentially balanced by the enormous promise of technological advancements in many fields. Read on to get a solid handle on the opportunities and risks you and your organization may likely face and set your sails accordingly.

  • [New] There is no denying the fact that the biggest losers will be hundreds of millions of poor people who hardly see the opportunities and growth enjoyed by their Chinese counterparts, and they are the ones who are going to pay the price of Modi's lofty promises. Asia Times
  • [New] Guinness Nigeria Plc has increased its production line for the manufacturing of spirit drinks in order to create more job opportunities and enhance return for stakeholders. Vanguard News
  • [New] Non-essential retail settings across Victoria will join the vaccinated economy and will only be open to Victorians who are fully vaccinated, under 12 years and two months, or have a valid exemption. Premiers Department Victoria
  • [New] For Chinese companies, 85% and 83% indicated that the success of the Regional Comprehensive Economic Partnership and China-Europe Comprehensive Investment Agreement negotiations respectively will increase or maintain the international use of the RMB. The Asian Banker
  • [New] The main cause for concern in the U.S. economy should be supply chain issues, warning that continued problems could contaminate demand for products. The Hill
  • [New] Governments around the world are banning travelers from South Africa and nearby countries amid fears omicron could evade vaccines, exacerbate Covid surges and frustrate efforts to reopen economies. BloombergQuint
  • [New] Wamola emphasised that mobile money will be at the heart of the sub-Saharan economy in the future and said that 1.2bn people have currently registered mobile money accounts across Africa. African Business
  • [New] Advisers estimated before the recent hikes in the price of gas that its annual income will come in at about £247m. Daily Business Magazine
  • [New] Further price decreases depend on a number of factors, including risks around speculation in the oil and energy market, possible increases in U.S. shale production and the willingness of OPEC to follow through on its global supply commitments. Politico
  • [New] To help Canada achieve its national targets for the reduction of greenhouse gas emissions, when funding projects intended to reduce greenhouse gas emissions, Natural Resources Canada should ensure that applicants have submitted reliable estimates of expected emission reductions. www.oag-bvg.gc.ca
  • [New] To help Canada achieve its national targets for the reduction of greenhouse gas emissions, when developing any policy, program, or measure that aims to reduce emissions, Natural Resources Canada should ensure that its estimates of expected reductions are reliable. www.oag-bvg.gc.ca
  • [New] The future of Russia's economy and its global standing will depend on its leaders' ability to correctly identify long-term trends and maintain the right balance in the course of an inevitable but difficult transition. Carnegie Moscow Center
  • [New] SDG 12 is to ensure sustainable consumption and production patterns, including a target (SDG 12.3) to halve - by 2030 - per capita food waste at the retail and consumer levels, while reducing food losses during production and supply. S&P Global Platts
  • [New] The Ukrainian economy would collapse, with a wide range of negative consequences for the European and global economies, including everything from food supply disruption to the loss of trade and investments. Atlantic Council
  • [New] Key risks to global markets include persistent elevated inflation, central bank missteps, slowing China growth, supply chain disruption, energy shortages and increasing geopolitical concerns. T .Rowe Price
  • [New] Producer Prices in the United States is expected to be 130.34 points by the end of this quarter. Trading Economics
  • [New] Oil prices suffered one of the largest ever one-day plunges, crashing more than 11% on Black Friday as a new coronavirus strain sparked fears that renewed lockdowns will hurt global demand. rigzone.com
  • [New] Hydrogen demand would further rise to reach 27.9 million mt/year in 2050 - 13.5 million mt/year for power production, 2.2 million mt/year for vehicles and 12.2 million mt/year for industrial use. S&P Global Platts
  • [New] Copper is still very tight, due to low stocks on LME and supply has not completely recovered and so prices could hold up fairly well even if economic growth slows. Mining.com
  • [New] Despite disruptions in product and labour markets and isolated covid outbreaks, economic activity and employment growth will continue at a pace, driving global real estate returns. Oxford Economics
  • [New] Across the globe, governments have committed to meeting Sustainable Development Goal 12.3 target of halving per capita global food waste at the retail and consumer levels and reducing food losses along production and supply chains, including postharvest losses by 2030. Latest

Last updated: 30 November 2021


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